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2938 E Michigan St, Indianapolis, IN, 46201

1beds
1baths
--sqft
$75,000
--price/sqft
$754/moest. monthly cost
$30,160/yrincome needed

About This Home

Located at 2938 E Michigan St in Indianapolis, this duplex presents a prime value-add opportunity for investors or experienced rehabbers. The property has sustained fire damage mainly on the right side and is being sold as-is, offering a blank slate for a full renovation. With strong rental demand in the area and proximity to downtown Indianapolis, this property has excellent upside potential once restored. Ideal for a gut rehab, allowing you to redesign and maximize layout, finishes, and rental income. Whether you're looking to fix and flip or build long-term cash flow, this is a fast sale opportunity priced to move. Bring your contractor and vision-this one won't last. Cash or hard money preferred. Quick close available.

Getting Around

56
WalkingSomewhat Walkable
42
TransitSome Transit
67
BikeBikeable

Schools

4/10
Thomas D. Gregg School 15Grades PK-60.4 mi
6/10
1/10

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1

Property

Details

  • Parcel number: 491005194077000101
  • Special condition: As Is,Defects/See Remarks,Fixer Upper

Lot

  • Lot size: 3,441 sqft